Thursday, January 29, 2009

Prepaid reward options

Manage Smarter recently looked at the three different types of prepaid cards that employers can use to reward their employees.

A universal prepaid reward card is open loop and can be used anywhere. However, instead of rewarding themselves, employees may end up spending reward on necessities instead of a reward, which may defeat the purpose.

A multi-merchant card is used for spending at selected stores. It can cater to the personal tastes of the employee.

A single merchant card offers spending in one store, but can also provide access to a wide selection of merchandise that can fit the customers' tastes.

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1 comment:

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